In 2024, the construction industry in China generated an output of over *********** yuan, representing an increase of more than ***percent from a decade ago. Stimulus from the real estate sector and government-funded projects With the liberalization of the housing market in the late 1990s, China's real estate industry enjoyed a 20-year boom since the early 2000s. Amidst the surge in housing prices, local governments across China received considerable non-tax revenue from land leases and in turn, invested the funds in infrastructure development projects. This led to the continuous prosperity of the country’s construction industry. A vital segment of China’s economy Thanks to the stimulus from housing developments and infrastructure projects, the construction industry is now one of the pillar industries of China's economy, accounting for around ***** percent of the country's GDP. However, with the recent difficulties experienced by many major real estate enterprises, and the stagnation in infrastructure construction owing to local governments' debt situation, China's construction sector faces a somewhat uncertain future.

China Freight And Logistics Market size was valued at USD 406.13 Billion in 2023 and is projected to reach USD 647.31 Billion by 2031, growing at a CAGR of 6% from 2024 to 2031.

Rapid Economic Growth and Urbanization: China’s rapid economic growth, with GDP increasing at an average annual rate of 9.5% over the last decade, and urbanization, with the urban population increasing by 33% from 636 million in 2010 to 848 million in 2021, are driving demand for freight and logistics services.

E-commerce Boom: China’s e-commerce business has grown rapidly, with online retail sales reaching USD 2.2 Trillion in 2021, accounting for 52% of overall retail sales, with the number of express delivery parcels handled rising from 40 billion in 2015 to 108 billion in 2021, a 170% rise.

Infrastructure Investments: Between 2016 and 2020, China invested more than USD 800 Billion in transportation infrastructure projects, including rail, roads, and ports.

The 'financialisation' of Chinese housing, land and infrastructure - the use of financial instruments to convert the built environment into investment opportunities - generates momentum and vitality in the Chinese economy and has led to wealth accumulation. This study explores how the Chinese housing boom has been financed in the absence of a more developed financial system, and to what extent the financial sector has contributed to the overall appreciation of housing and land assets. A large questionnaire survey was conducted in six case cities including Shanghai, Shenzhen, Chengdu, Xi'an, Nanjing and Tianjin.

The Chinese financial system has fostered rapid economic growth in recent decades through so-called 'land-based financing' (tudi chaizhen) in housing, land and infrastructure development. The 'financialisation' of Chinese housing, land and infrastructure - the use of financial instruments to convert the built environment into investment opportunities - generates momentum and vitality in the Chinese economy and has led to wealth accumulation. Real estate financing instruments such as the real estate investment trust (REITS), mortgage securitisation, reverse mortgages and public-private partnerships (PPP) in infrastructure have been recently invented. On the other hand, traditional real estate financial products such as household mortgages and real estate loans benefit from new internet-based finance. Chinese real estate finance has now entered a phase of 'financial explosion'. However, the concrete channels, complex arrangements and new instruments are not entirely known. This research project aims to investigate how housing, land and infrastructure are actually financed, what are the new financial instruments, to what extent there is a trend of 'financialisation', and what are the risks associated with this transformation. We examine the recent trend of financialisation in terms of the forms and extent of the involvement of both the formal and the unofficial ('shadow banking') sectors in real estate development. Recent developments in REITS and PPP will be examined to show the inflow of financial capital in housing, land, and infrastructure projects. We explore how the Chinese housing boom has been financed in the absence of a more developed financial system, and to what extent the financial sector has contributed to the overall appreciation of housing and land assets. We will also try to understand the potential impacts of financialisation on households, enterprises and local government finances (i.e. the issue of 'local debt') and what are the main factors affecting financial stability. The project investigates three levels of financing mechanisms: projects and enterprises, local governments, and individual households. We choose six case cities: in the coastal region, Shanghai and Shenzhen; the central region: Zhengzhou and Changsha; the western region: Chongqing and Chengdu. At the local government (city) level, we will examine the institutional environment and policies regarding built environment finance, including the involvement of housing provident funds. This research project will assess the recent trend of financialisation in Chinese housing, land and infrastructure sectors and provide a nuanced understanding of the changing financial mode, its dynamics and the new institutional environment. The project will examine emerging financial products and new channels in these sectors and their operational mechanisms. The project will focus on household financial behaviour to understand the new trend of financialisation of real estate and its impact on housing consumption, investment behaviour, and job preference. The project will further assess macroeconomic implications such as the impact on the Chinese financial system, financial product innovation, fiscal policies and company investment. Finally, these findings will lead to an assessment of the potential risks associated with financialisation and recommendations for risk management.

The global short-arm truck-mounted concrete pump market is experiencing robust growth, driven by the increasing demand for efficient and cost-effective concrete placement solutions in construction projects, particularly in high-rise buildings and infrastructure development. The market is segmented by application (line pumps and boom pumps) and maximum concrete output (less than 100 m³/h and more than 100 m³/h). Line pumps are prevalent in smaller-scale projects where maneuverability is crucial, while boom pumps are favored for larger projects requiring higher reach and output. The market is dominated by several key players, including XCMG, SANY, Putzmeister, and Zoomlion, which are constantly innovating to enhance pump efficiency, reduce operational costs, and incorporate advanced technologies like remote monitoring and control systems. This competition fuels innovation and drives market expansion. The market's growth is further propelled by rising urbanization and infrastructure investments globally. However, factors such as stringent emission regulations and the fluctuating price of raw materials pose challenges to market growth. The increasing adoption of sustainable construction practices, along with technological advancements in pump design and materials, is expected to present significant opportunities. The forecast period (2025-2033) is anticipated to witness continued expansion, with a projected Compound Annual Growth Rate (CAGR) that accounts for both market expansion and potential economic fluctuations. Regional variations will exist, with mature markets in North America and Europe showing steady growth alongside rapid expansion in developing economies in Asia-Pacific and the Middle East & Africa, driven by burgeoning infrastructure projects and increased construction activity. The market is segmented geographically, mirroring global construction activity patterns. China and India are expected to be significant contributors to the market's growth due to their extensive infrastructure development programs. Competition among manufacturers is expected to intensify, leading to product diversification, technological advancements, and strategic mergers and acquisitions.

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Boom Truck Market Size 2024-2028

The boom truck market size is forecast to increase by USD 464.1 million at a CAGR of 4.5% between 2023 and 2028.

The market is experiencing significant growth, driven primarily by the expansion of end-user industries, particularly in urban areas. Urbanization has led to an increased demand for construction and infrastructure projects, thereby fueling the need for versatile and efficient lifting solutions. A notable trend in the market is the development of autonomous boom trucks, which promises to enhance productivity and safety. However, regulatory hurdles and the lack of standardized certification processes for autonomous vehicles may hinder adoption. Furthermore, the increasing availability of second-hand boom trucks and counterfeit boom trucks in the market poses a challenge for original equipment manufacturers (OEMs) seeking to maintain market share and ensure product quality.
To capitalize on the growth opportunities and navigate these challenges effectively, companies must focus on innovation, regulatory compliance, and strengthening their supply chain to deliver high-quality, authentic products.

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The market exhibits dynamic trends, with performance optimization playing a pivotal role. Advanced counterweight systems and drive train technologies enhance lifting capabilities and travel speed, respectively. Future trends include safety protocols, such as fault detection sensors and safety sensors, which improve work site planning and project management. Chassis design, hydraulic cylinders, and suspension system upgrades extend service life and ensure optimal performance. Boom stabilization and work platform size adjustments cater to various worksite requirements.
Lowering speed and platform access are essential considerations for efficient and safe operations. Industry best practices emphasize regular maintenance intervals, data-driven insights, and load moment indicator monitoring. Ground clearance, operating costs, electrical system, tire size, and boom control system upgrades further optimize boom truck usage.

How is this Boom Truck Industry segmented?

The boom truck industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Construction
  Telecom
  Transportation and logistics
  Others


Geography

  North America

    US


  Europe

    Germany


  APAC

    China
    India
    Japan


  Rest of World (ROW)

By End-user Insights

The construction segment is estimated to witness significant growth during the forecast period.

The market in the construction industry is experiencing notable growth due to the increasing adoption of these vehicles by contractors and the surge in infrastructure investments worldwide. Industrialization and urbanization trends fuel the demand for construction activities and infrastructure development, leading to a significant increase in the demand for boom trucks. Infrastructure projects in regions such as India, China, and the Middle East have driven a large portion of the demand for boom trucks in infrastructural applications. Innovation trends in the market include advanced materials, data analytics, and lightweight construction, which enhance operator comfort, operational efficiency, and heavy lifting capabilities.

Safety regulations are a critical consideration, with safety features such as stability control, outrigger systems, and operator controls ensuring worksite safety. Boom trucks are also used in power line maintenance, tree trimming, and wind energy applications, requiring off-road capabilities and reach heights. Compliance with safety standards and environmental regulations is essential, with hydraulic systems and hybrid technology contributing to fuel efficiency and sustainability initiatives. The market also offers a range of telescopic and articulating booms, as well as aerial work platforms and utility work applications. Remote control, operator training, and load capacity are essential considerations for operators, with telematics systems and parts and accessories available for service and repair.

Construction projects require various maintenance requirements, and the market offers a range of boom trucks to meet these needs. Boom length, lifting capacity, and return on investment are crucial factors in the decision-making process. The market is also witnessing the emergence of autonomous operation and compact design trends, offering productivity gains and user experience enhancements. Emission standards and sustainability initiatives continue to shape the market's evolution.

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The Construction segment was valued at USD 627.50 mi

The global multi-boom rock face drill rig market is experiencing robust growth, driven by increasing infrastructure development, particularly in mining and construction sectors. The market size in 2025 is estimated at $1.5 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033. This growth is fueled by several key factors. Firstly, the rising demand for efficient and high-capacity drilling solutions in large-scale mining operations, particularly for metal and mineral extraction, is a significant driver. Secondly, the expanding global infrastructure projects, encompassing railway and highway construction, necessitate advanced drilling technologies to meet project timelines and quality standards. Furthermore, technological advancements in automation, improved drilling precision, and enhanced safety features are contributing to market expansion. The adoption of electric and hybrid-powered drilling rigs is also gaining traction, addressing environmental concerns and operational costs. The market is segmented by rig type (wheeled and crawler) and application (mining, railway and highway construction, and others), with mining currently holding the largest market share. Competition within the market is intense, with both established players like Epiroc and Sandvik and emerging Chinese manufacturers vying for market share. Geographic growth is expected across all regions, with North America and Asia-Pacific projected to lead in terms of market share due to significant investments in infrastructure and mining activities. The competitive landscape is characterized by a mix of global and regional players. Established multinational companies like Epiroc and Sandvik hold significant market share due to their technological expertise and global reach. However, Chinese manufacturers are increasingly gaining traction, offering cost-competitive alternatives. Future market growth will likely depend on continued technological innovation, regulatory developments concerning safety and environmental impact, and the overall growth of the mining and construction industries. The market's evolution will also be shaped by ongoing geopolitical factors impacting raw material prices and project investments. The forecast period (2025-2033) presents ample opportunities for both established and emerging players, emphasizing the strategic importance of technological advancements, sustainable practices, and expanding into emerging markets. This comprehensive report provides a detailed analysis of the global Multi Boom Rock Face Drill Rigs market, valued at approximately $2.5 billion in 2023, projected to reach $3.8 billion by 2028, exhibiting a robust CAGR. It delves into market dynamics, competitive landscape, and future growth prospects, offering invaluable insights for industry stakeholders. The report utilizes extensive primary and secondary research, incorporating data from key players and industry experts.

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Backhoe Loaders Market Size 2024-2028

The backhoe loaders market size is forecast to increase by USD 1.73 billion at a CAGR of 4.15% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing investment in natural gas pipeline projects and infrastructure development. This trend is expected to continue as governments and private entities prioritize infrastructure expansion. Another key trend is the increasing use of telematics in backhoe loaders, enabling remote monitoring and diagnostics, improving efficiency and productivity. However, the market faces challenges, including the volatility in raw material prices, which can impact the cost of production and profitability for manufacturers. Additionally, the market is witnessing intense competition, necessitating continuous innovation and differentiation to stay competitive. Overall, the market is poised for growth, driven by construction, infrastructure development and technological advancements, while navigating the challenges of raw material price volatility and intense competition.

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Backhoe loaders, also known as diggers or JCBs, are heavy digging equipment that combine the functions of a shovel and a backhoe in one machine. These versatile machines are essential in various industries, including construction, urban engineering, and mining. The backhoe component of the machine is used for material excavation, digging, and demolitions, while the shovel is used for transporting building materials. Backhoe loaders are equipped with turbocharged engines, rugged tires, and a simple cabin. The boom, bucket, and stick are the primary components that enable the machine's digging and lifting capabilities. These machines are widely used in building equipment for construction sites, public infrastructure development, and private infrastructure development.
Backhoe loaders are also used in landscaping projects for digging and transporting soil. In the mining sector, they are used for digging and loading materials for transportation. The durability of the tires and the machine's structure make it suitable for rough terrain and heavy-duty applications. Overall, backhoe loaders are an essential piece of equipment in various industries, enabling efficient and productive work in material excavation, transporting building materials, and digging.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Side shift
  Center-pivot


Application

  Construction
  Utility
  Agriculture


Geography

  APAC

    China
    India
    Japan


  North America

    US


  Europe

    UK


  South America



  Middle East and Africa

By Product Insights

The side shift segment is estimated to witness significant growth during the forecast period.

Backhoe loaders, also known as diggers or heavy digging equipment, are versatile building equipment characterized by a backhoe, a shovel, and a bucket attached to an arm that can be extended and retracted. This hydraulic excavator is essential for urban engineering projects, where its turbocharged engine, rugged tires, and basic cabin enable efficient material excavation and transporting building materials. In smart cities, backhoe loaders are employed for infrastructure repair and construction, while in the agricultural sector, they are used for land preparation and material handling. Autonomous operating technology, telematics, and GPS systems are increasingly being integrated into these machines to enhance productivity and adhere to emission standards.

Further, the center mount, sideshift, and various attachments cater to diverse applications, including construction, mining, utility, agriculture, forestry, demolitions, paving pads, and landscaping. Price wars among leading manufacturers continue to intensify, making it crucial for buyers to consider factors like durability, simple cabin design, boom length, and tire type before making a purchase.

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The side shift segment was valued at USD 3.94 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 61% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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Backhoe loaders are versatile heavy equipment machines used for transporting and loading

Rebar Mat Market Outlook

The global rebar mat market size was valued at USD 10.2 billion in 2023 and is projected to reach USD 16.5 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period. A major growth factor driving this market is the increasing demand for reinforced concrete structures in both residential and commercial construction projects. Construction and infrastructure development activities are on the rise globally, leading to a significant increase in the demand for rebar mats.

One of the key growth factors for the rebar mat market is the rapid urbanization and industrialization in emerging economies. Countries like India and China are experiencing a construction boom, with numerous infrastructure projects such as bridges, highways, and residential complexes being developed. This surge in construction activities has led to an increased need for robust reinforcement materials, thereby boosting the demand for rebar mats. Furthermore, the growing awareness about the benefits of using rebar mats, such as enhanced structural integrity and reduced labor costs, is also contributing to market growth.

Another important factor supporting the market's growth is the increasing investment in infrastructure projects by governments globally. For instance, several governments have announced large-scale infrastructure development plans to boost their economies. These projects require substantial amounts of reinforced concrete, which in turn drives the demand for rebar mats. Additionally, the trend towards the construction of sustainable and energy-efficient buildings is also positively impacting the market, as rebar mats play a crucial role in improving the durability and strength of concrete structures.

Technological advancements in the production of rebar mats are also propelling market growth. Innovations such as the development of advanced welding techniques and the use of high-strength materials are enhancing the quality and performance of rebar mats. These advancements make rebar mats more efficient and reliable, thereby increasing their adoption in various construction applications. Furthermore, the increasing use of Building Information Modeling (BIM) in construction projects is driving the demand for prefabricated rebar mats, as they offer precise and efficient reinforcement solutions.

Regionally, the Asia Pacific region is expected to dominate the rebar mat market during the forecast period. The region's dominance can be attributed to the robust growth of the construction industry in countries like China, India, and Southeast Asian nations. Additionally, the increasing focus on infrastructure development and urbanization in these countries is further fueling the demand for rebar mats. North America and Europe are also significant markets, driven by ongoing renovations and upgradations in infrastructure, along with stringent building codes and standards that mandate the use of high-quality reinforcement materials.

Type Analysis

Carbon Steel Rebar Mat Analysis

Carbon steel rebar mats are one of the most commonly used types of rebar mats in the construction industry. They are known for their high tensile strength and durability, making them ideal for use in reinforced concrete structures. The demand for carbon steel rebar mats is driven by their cost-effectiveness and widespread availability. Additionally, carbon steel rebar mats are easy to fabricate and install, which further boosts their adoption in various construction projects. Moreover, the growing focus on improving the structural integrity of buildings and infrastructure is also contributing to the increased use of carbon steel rebar mats.

However, carbon steel rebar mats are prone to corrosion, which can compromise the durability and longevity of concrete structures. This has led to the development of galvanized and epoxy-coated rebar mats, which offer better resistance to corrosion. Nevertheless, carbon steel rebar mats continue to be popular due to their affordability and high strength. Furthermore, ongoing research and development activities aimed at enhancing the corrosion resistance of carbon steel rebar mats are expected to drive their demand in the coming years.

The construction industry is the largest end-user of carbon steel rebar mats, accounting for a significant share of the mar